Okeydoke
October 5, 2020
By Steve Goldstein
European stocks rose on Monday (click here) on hopes for one last economic stimulus boost to the economy before the U.S. election, as well as a clear result on Election Day....
...Futures on the Dow Jones Industrial Average YM00, 0.74% rose 215 points.
Politico reported that House Speaker Nancy Pelosi as well as Treasury Secretary Steven Mnuchin consulted Federal Reserve Chair Jerome Powell about their stimulus plan talks. It’s unclear what, if any, role the Fed will play. The central bank did have a role in the first stimulus plan. Pelosi separately said in an interview with CBS that airlines should not fire workers, and that aid will be retroactive....
Politico reported that House Speaker Nancy Pelosi as well as Treasury Secretary Steven Mnuchin consulted Federal Reserve Chair Jerome Powell about their stimulus plan talks. It’s unclear what, if any, role the Fed will play. The central bank did have a role in the first stimulus plan. Pelosi separately said in an interview with CBS that airlines should not fire workers, and that aid will be retroactive....
